Market News Page No. 582| Africa Business News | Afrotrade

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PET Recycling Plant worth US $33.06m in Gauteng, South Africa.

Plastic Packaging manufacturer and recycler Mpact has signed an agreement with Industrial Development Corporation (IDC) to construct a polyethylene terephthalate (PET) recycling plant worth US $33.06m in Gauteng, South Africa. This announcement was made by the company recently when it was releasing its financial results for the past six months ended June 30. Commissioning of the new recycling plant is expected to take place in.... Read more »

Posted on : Monday , 18th August 2014

South Africa to let solar power plants worth $197m

An Italian company called TerniEnergia has won a contract to engineer, procure and construct two solar power plants in South Africa. The installed capacity of the plants will be 148.5MW. A 66MW plant will be built at the Tom Burke solar plant, located near the northern boarder with Botswana, and a 82.5 MW plant will be based in Paleisheuwel in the south-west, 190km from Cape Town. The contract has to be closed by the.... Read more »

Posted on : Monday , 18th August 2014

Swala Oil & Gas debuts on DSE

Swala Oil & Gas is now listed on the Dar es Salaam Stock Exchange (DSE) becoming the first public-owned oil and gas company in East Africa SwalaThe former president of Tanzania Alhaji Ali Hassan Mwinyi rings the bell officiating the first trading day of Swala Oil & Gas on the DSE. (Image source: Swala Oil & Gas) The Tanzania-based company is the 20th to list on the DSE and the second to list under the enterprise growth.... Read more »

Posted on : Monday , 18th August 2014

Mobile-Pack will participate at The Big 3 Africa 2014.

Mobile-Pack will participate at The Big 3 Africa 2014. Big 3 Africa is not only focused on Hardware and Bathroom & Kitchen, but also on Interiors and Hospitality. Mobile-Pack allows your cleaning operations to follow suit. This stylish solution to traditional housekeeping trolleys brings ease, order and visual appeal to guest room cleaning. Tailored to the service industry, their room attendant trolley’s.... Read more »

Posted on : Monday , 18th August 2014

Oil and gas boom in East Africa countries promises riches

Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique that have recently made discoveries, have the potential to fundamentally transform their economies through investments in road, rail, power and industrial infrastructure. “Over and above the traditional oil and gas regions in Africa, notably West Africa, East Africa has essentially been a forgotten desert in terms of upstream.... Read more »

Posted on : Friday , 15th August 2014

JKT shows vegetable preservation system

Vegetable farmers in the rural areas have a reason to smile, thanks to a new traditional cooling technology that has been introduced by the Tanzania National Service (JKT). A Warrant Officer 2, who is also in charge of JKT pavilions at Nzuguni grounds, Simon Uggi, told the ‘Daily News’ in an exclusive interview at Nzuguni grounds, where Nane Nane exhibitions are underway, that the tradition cooling system can preserve.... Read more »

Posted on : Friday , 15th August 2014

Kenya woos investors to regain pyrethrum top spot

Kenya plans to regain its position as the world’s biggest exporter of pyrethrum, a flower used to make insecticide, by allowing private producers to grow the crop, the Pyrethrum Regulatory Authority said over the weekend. pyrethrum110814The authority is targeting output of as much as 15,000 metric tonnes of liquid pyrethrum, compared with 1,000 tonnes produced last year, according to Managing Director Alfred.... Read more »

Posted on : Friday , 15th August 2014

Uganda Govt to formulate tea policy

The state minister for trade, David Wakikona, has pledged to make drastic changes in the tea sector. Although tea as a cash crop contributes $135m annually to the country, it has no body or policy that manages it like sister cash crops such as cotton and coffee. A worker sorting tea leaves A worker sorting tea leaves As a result, tea factories and estates have reported losses in the recent past following the drop in the.... Read more »

Posted on : Friday , 15th August 2014

Tanzania: Rural Electrification Boost Farmers' Earnings

RURAL electrification has proved to be efficient driver in promoting value addition particularly of agricultural products that helped farmers to fetch premium market prices. Statistics from Rural Energy Agency (REA) shows that there are 16 small hydropower projects operating since 1970's and 13 projects with a total capacity of 28.8 MW which are in various stages of development. Presenting research paper.... Read more »

Posted on : Friday , 15th August 2014

Kenya Boosts Wind Power in Its Renewable Energy Mix

Nairobi — Kenya is set to gain more wind farms as the East African country moves to increase and diversify its clean energy resources. Nairobi-based company Bluesea Energy Ltd has announced it will begin producing 40 megawatts (MW) in the second half of 2015 at its flagship wind power plant in Meru, expanding the renewable energy mix of a country that has previously relied on hydro and geothermal energy. "We are.... Read more »

Posted on : Friday , 15th August 2014

US$ 285m limestone mining plant to be set up in Kenya

Kenya’s Athi River Mining Company (ARM) has been given the go-ahead to set up a US$ 285m limestone mining plant in Ngaie, Kyuso district. Minerals executive George Mulatya was pleased when confirming the reports and he said the cement firm is expected to set up a clinker and cement manufacturing plant which will in return create 7,000 jobs and give the Government US$ 3m in annual revenue. Mr. Mulatya pointed out.... Read more »

Posted on : Friday , 15th August 2014

Tanzania sets aside US$17m for construction of ring road

The Ministry of Works in Tanzania has set aside US$17m for construction of ring roads in Dar es Salaam Tanzania. The funds are aimed at constructing tarmac ring roads in the city to ease traffic being experienced. The government has already set aside US$1.2m for the installation of road lights from Mwenge to Tegeta along Ali Hassan Mwinyi Road. This was revealed by the Minister of Works Dr. John Magufuli during a tour of.... Read more »

Posted on : Friday , 15th August 2014

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